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Search: Posts Made By: gfmatt
Forum: Traders Hideout September 7th, 2015, 01:37 PM
Replies: 7
Views: 4,388
Posted By gfmatt
This is coming straight from the Executive...

This is coming straight from the Executive Branch, not your typical Congressional stupidity. This is what happens when you elect, then re-elect a bunch of anti-business, left-wing 'academics' with...
Forum: Psychology and Money Management September 7th, 2015, 01:01 PM
Replies: 23
Views: 5,942
Posted By gfmatt
The perceived 'edge' disappears because it never...

The perceived 'edge' disappears because it never was.

(edit: Not including high-frequency market making firms like Citadel, Renaissance, etc... They do have an edge).
Forum: Emini and Emicro Index September 7th, 2015, 12:47 PM
Replies: 64
Views: 26,744
Posted By gfmatt
Unless you have portfolio margin, selling naked...

Unless you have portfolio margin, selling naked is stupid anyway, even in the US. :) With IB, I only used calendars, butterflies, and BWBs . Rates were cheap.
Forum: Emini and Emicro Index September 7th, 2015, 09:05 AM
Replies: 64
Views: 26,744
Posted By gfmatt
IB has excellent rates for options in Korea. ...

IB has excellent rates for options in Korea. When I was trading Korean markets it usually worked out to around $1.00/contract for options. (It may even be cheaper if you trade more size , ie, 10...
Forum: Options August 24th, 2015, 06:03 PM
Replies: 7,370
Views: 2,002,866
Posted By gfmatt
Argumentum ad verecundiam. There is no such...

Argumentum ad verecundiam. There is no such thing as an 'expert' in oil, or any other financial market. Want a prediction, look at an option chain, all the probabilities are there.
Forum: Options August 22nd, 2015, 08:49 PM
Replies: 7,370
Views: 2,002,866
Posted By gfmatt
You missed the biggest FACT : Nobody knows s**t. ...

You missed the biggest FACT : Nobody knows s**t.

You will be much better off in the future ignoring news / opinions and just keep playing the probabilities. Try to sell premium on VOL pops and...
Forum: Emini and Emicro Index August 22nd, 2015, 03:51 PM
Replies: 64
Views: 26,744
Posted By gfmatt
I was living in Korea when I was trading it...

I was living in Korea when I was trading it through my US-based IB account. But at some point, I received an email saying I'd have to open a UK-based IB account to continue trading it. Not exactly...
Forum: Emini and Emicro Index August 22nd, 2015, 01:51 PM
Replies: 64
Views: 26,744
Posted By gfmatt
You could always just use ATM options to day...

You could always just use ATM options to day trade KOSPI. Incredible liquidity. NO stupid PDT rules in South Korea. I have traded the Kospi Future and options in the past. Hope the mini catches...
Forum: Options August 18th, 2015, 04:22 PM
Replies: 7,370
Views: 2,002,866
Posted By gfmatt
Indeed. If traders got out of the predicting...

Indeed. If traders got out of the predicting game, they'd be a lot richer.
Forum: Options December 28th, 2014, 12:23 PM
Replies: 12
Views: 5,662
Posted By gfmatt
Toby (assuming you are selling premium): you hope...

Toby (assuming you are selling premium): you hope that the underlying stays relatively flat after putting the trade on. With a low IV underlying, the credits you receive will be low plus you are...
Forum: Emini and Emicro Index December 16th, 2014, 01:21 AM
Replies: 3
Views: 1,519
Posted By gfmatt
I used to be in Korea. Traded US markets, but...

I used to be in Korea. Traded US markets, but dabbled with KOSPI options for day trading with IB. Very, very liquid markets. Think you may need an account with IB based in the UK now though to...
Forum: Trading Reviews and Vendors December 16th, 2014, 01:07 AM
Replies: 61
Views: 43,183
Posted By gfmatt
No, no, no!!!! Katie is down on the year I...

No, no, no!!!!

Katie is down on the year I believe. I don't have Dough on my current computer, but I don't believe those are actual returns, but represent potential ROC of the currently held...
Forum: Psychology and Money Management November 26th, 2014, 02:48 AM
Replies: 28
Views: 7,091
Posted By gfmatt
My response might be controversial but here...

My response might be controversial but here goes....

I can't stand the word 'edge'. There can be no edge in a liquid market that has a tick wide bid/ask spread. No matter what method you choose...
Forum: Options September 5th, 2014, 02:16 PM
Replies: 4
Views: 1,920
Posted By gfmatt
I think you got some bad quotes. It is currently...

I think you got some bad quotes. It is currently trading around $0.67. Gotta wait for some more theta decay :) Good luck.

Edit: One more thing. In the future, you can look at the individual...
Forum: Trading Reviews and Vendors August 31st, 2014, 06:28 PM
Replies: 61
Views: 43,183
Posted By gfmatt
You can't see his positions or size, only his...

You can't see his positions or size, only his trades. He has mentioned before that he started shorting ES around 1680 and with a few averaging up plus the profits from his smaller scalps, he has...
Forum: Trading Reviews and Vendors August 31st, 2014, 06:19 PM
Replies: 61
Views: 43,183
Posted By gfmatt
I am not arguing with you, my only point is that...

I am not arguing with you, my only point is that Tastytrade is free for viewers. Tastytrade is a financial network with 60 full-time employees offering lots of solid information on options for free....
Forum: Trading Reviews and Vendors August 30th, 2014, 11:11 AM
Replies: 61
Views: 43,183
Posted By gfmatt
Pedro, you are way off base here. TastyTrade is...

Pedro, you are way off base here. TastyTrade is FREE. Tom Sosnoff is the owner and his wealth far exceeds $100 million. He was a co-founder of ThinkorSwim before it was bought out by TD...
Forum: Options June 8th, 2014, 09:10 AM
Replies: 7,370
Views: 2,002,866
Posted By gfmatt
I'm reminded of the old saying "don't confuse...

I'm reminded of the old saying "don't confuse brains with a bull market."
Forum: Brokers May 21st, 2014, 12:23 PM
Replies: 47
Views: 26,708
Posted By gfmatt
Fritz: How difficult is it to set up a NV LLC?

Fritz: How difficult is it to set up a NV LLC?
Forum: Psychology and Money Management May 17th, 2014, 05:23 PM
Replies: 12
Views: 4,621
Posted By gfmatt
You are correct. A retail trader should not be...

You are correct. A retail trader should not be trying to scalp.
Forum: Emini and Emicro Index May 4th, 2014, 09:43 AM
Replies: 33
Views: 46,427
Posted By gfmatt
You are way overthinking this. ES and SPY are...

You are way overthinking this. ES and SPY are the exact same thing, except one is a futures contract and the other is an ETF. ES trades 24/5, while SPY doesn't. If your SPY "S/R level" doesn't...
Forum: Options January 28th, 2014, 08:23 PM
Replies: 7,370
Views: 2,002,866
Posted By gfmatt
I think people can sign up for Dough.com for...

I think people can sign up for Dough.com for free. With it, you can get great info on your options positions or potential trades. I think it uses info from Thinkorswim so your margins may be...
Forum: NinjaTrader January 28th, 2014, 07:53 PM
Replies: 15
Views: 10,123
Posted By gfmatt
If you want to keep things simple you can just...

If you want to keep things simple you can just convert a 5 sma on a daily to the 5 minute chart :

There are twelve 5 minute periods per one hour multiplied by twenty-four hour per day multiplied...
Forum: Trading Journals January 15th, 2014, 11:55 AM
Replies: 28
Views: 5,058
Posted By gfmatt
If you want a long term short, why are you using...

If you want a long term short, why are you using a 1 min chart for entry? 1 minute is noise for a long term position.
Forum: Stocks and ETFs January 15th, 2014, 07:13 AM
Replies: 7
Views: 1,650
Posted By gfmatt
qqq and nq will track each other almost...

qqq and nq will track each other almost perfectly. IMO, NQ is easier to trade after hours but if you are holding for a few days it shouldn't matter. Also there are taxation differences for...
Showing results 1 to 25 of 42

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